Mega IPOs to shine this Diwali: Hyundai, Swiggy, NTPC Green set for launch

Market experts suggest that these IPOs could cap a record-breaking year for India in terms of equity capital raising

The stage appears set for the launch of initial public offerings (IPOs) worth over Rs 50,000 crore around Diwali — in late October or early November.

Among the major upcoming offerings is carmaker Hyundai Motor India’s IPO, which is expected to become the largest-ever in the country at over Rs 25,000 crore. In tow are foodtech major Swiggy’s issue with an estimated size of Rs 11,600 crore and renewable power player NTPC Green Energy’s Rs 10,000 crore offer.

If these IPOs are successfully executed, they could further cement India’s position as a major global market power, while